Using a Risk Register to manage risks is this weeks I Hate Numbers podcast
When it comes to risk management, most business owners and entrepreneurs think of insurance policies and legal contracts. While these are both important aspects of risk management, they’re not the only ones. In fact, there are a number of other tools that can be used to help you identify and manage risks, both big and small.
One such tool is a risk register. Let’s look at what a risk register is and how you can use it in your business.
- Firstly, a reminder of what risk is
- Secondly, the benefits of a risk register
- Thirdly, how to build a risk register
- Fourthly, quantifying risk with examples
- Lastly, how to use a risk register
So there you have it! You now know what a risk register is, some of the benefits of using one, and how to build your own. We’ve also looked at ways to quantify risk, which will come in handy when making decisions about whether or not to take a particular risk. As with any tool, the key is to Using a Risk Register effectively is making sure it’s tailored to your specific needs. If you want more information on risk registers or other ways to manage risk, be sure to subscribe to my podcast and leave a review. I love getting feedback from listeners – hearing from you helps me make my content even better. Thanks for tuning in!
Furthermore, my mission is to inform, inspire and educate you to get closer to your numbers. You can make more profits, save tax and time, improve your well-being and your money mindset. My book , I Hate Numbers will change your relationship with numbers, in a good way. Click to find our more.
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